- cross-posted to:
- europe@lemmy.dbzer0.com
- europe@lemmy.ml
- cross-posted to:
- europe@lemmy.dbzer0.com
- europe@lemmy.ml
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Not futures, CFDs, considerably more fucked up. Don’t think CFDs are even legal in the US.
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Basically a cash settled futures contract
Idk why it’s considerably more fucked up but I’m guessing maybe because there’s no physical delivery it serves even less of a purpose for people hedging their physical goods and just blatant financial speculation on prices of goods?
you bet on whether price go up or down
if right you pocket the difference
To be fair this has been around a long while
mon frites!insert that poweful quote about throwing food away to appease moloch
Dump potatoes in the rivers and place guards along the banks to keep the hungry people from fishing them out.
The people come with nets to fish for potatoes in the river, and the guards hold them back… and they stand still and watch the potatoes float by.
Since 21 April, the cost per hundred kilograms has risen from approximately €2.11 to a staggering €18.50.
€2.11 for 100kg seems ridiculously cheap.
I’ve seen advice on this very web zone that the cheapest possible way to stock your pantry is to take a barrel out to your nearest bean farmer and pay him fifty bucks to load it up from his silo. It’s 20x more than he’d get paid for the amount you take and you get fifty gallons of dry beans to tide you through the end of the world.
I believe the buyer is responsible for taking delivery of the potatoes, so they have to pick up/pay for delivery and deal with all the logistics of what to do with all those potatoes
Planting, maintaining for months and harvesting 100m² for 2€
Many farms are speculative real estate assets that rely on government subsidies to stay afloat
📈Black moldpotato futuresSay goodbye to Freedom Fries
The potato is like the most productive dirt cheap crop. What is that going to mean for everything else?
yeah, it’s like a canary in a coal mine here
So is this a big change in the actual cost to get a potato in your hand or is this just a change in the futures contracts? You can sell the futures contracts on to someone else for more money so if it’s just a change in the value of the contract, it doesn’t have as strong relation to the actual price of getting some mash in the mouth.
